Al and Janet Fernandez have two alternatives for financing their son Joels college coststaking out an unsubsidized
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Al and Janet Fernandez have two alternatives for financing their son Joel’s college costs—taking out an unsubsidized student loan with a variable rate that is currently at 6 percent or taking out a fixed-rate home equity loan at 7 percent. Assume that both loans will have 10-year terms for repayment. What factors should they consider in deciding between these two alternatives?
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Talha Talib
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Related Book For 
Wiley Pathways Personal Finance Managing Your Money And Building Wealth
ISBN: 978-0470111239
1st Edition
Authors: Vickie L. Bajtelsmit, Linda Rastelli
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